Source link : https://tech365.info/oils-calm-earlier-than-the-storm-hidden-weaknesses-chinas-stockpiles-and-the-oil-demand-mirage-cleantechnica/
Assist CleanTechnica’s work via a Substack subscription or on Stripe.
A yr in the past, I revealed an article on Peak Oil Demand and the influence EVs would have within the World’s most traded commodity. I believed a follow-up was price it by now as a result of some issues have turn out to be clearer, however extra importantly, as a result of bizarre issues have been taking place on the earth of oil.
This might be an extended article, however to summarize: it appears we don’t know if we’ve an excessive amount of oil, or not sufficient of it; there’s a heated debate on the present scenario of the market with the opportunity of an imminent glut being insisted upon; and most attention-grabbing of all, some information appears to level out that Peak Oil Demand could already be behind us… but no person’s commenting on it.
Earlier than we begin, let’s current some primary ideas. Within the 50’s, the work of M. King Hubbert precisely predicted US oil manufacturing peaking within the 70’s, therefore presenting the idea of Peak Oil: that second upon which current reserves can not maintain oil extraction ranges and thus an inevitable discount ensues. Because the Local weather Disaster loomed upon us, and as technological developments (together with fracking) and newly discovered oilfields across the World bucked the pattern and allowed for renewed development in oil extraction, the idea migrated to Peak Oil Demand: the concept that enhancements in expertise…
—-
Author : tech365
Publish date : 2025-10-15 04:30:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8